The Gulf faced a fresh escalation on Monday as US President Donald Trump announced the immediate reinstatement of a blockade targeting Iranian shipping in the Strait of Hormuz and proposed a 20 per cent charge on all cargo transiting the strategic waterway, intensifying a growing war of nerves between Washington and Tehran over one of the world's most critical energy chokepoints.
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Abu Dhabi Future Energy Company – Masdar, a global clean energy leader, on Monday announced financial close for the world's first gigascale 24/7 renewable energy project, marking a defining milestone in the commercialisation of the next generation of clean energy infrastructure.
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DMCC, a leading international business district in Dubai, has announced that Dubai's total diamond trade reached an all-time high of $41.7 billion in 2025, according to data from Dubai Customs.
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A recovery in world oil demand is underway, with consumption set to rise from its May nadir on seasonal trends and as pent-up demand is released in line with a rebound in product supplies, says an International Energy Agency (IEA) report.
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Artificial intelligence (AI) has become a growing strategic focus for luxury companies as consumers increasingly use AI tools during purchasing decisions, although many brands are still working to move beyond experimentation, according to an industry expert.
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World leaders expressed their condolences to Qatar's leadership and people on the passing of Qatar's Father Amir HH Sheikh Hamad bin Khalifa Al-Thani.
Oil prices jumped sharply at the start of Asian trading on Monday after the United States launched a second consecutive night of strikes on Iranian military targets and Tehran retaliated with fresh attacks, heightening fears of disruption to crude shipments through the Strait of Hormuz, the world's most important oil transit chokepoint.
Qatar's top government body, the Amiri Diwan, has announced that the country's former emir Sheikh Hamad bin Khalifa Al Thani, whose leadership transformed the Gulf state into a global energy powerhouse and raised its international profile, died on Sunday at the age of 74.
Saudi real estate developer Asas Makeen said it had signed an agreement with a fund managed by BLOM Invest Saudi Arabia to develop a 290-unit residential project on a 16,621-sq-m area within the Al Narjis district in Riyadh. The entire work will be completed in 18 months.
Roads and Transport Authority (RTA) has awarded a AED2 billion ($544 million) contract for the development of the 12-km Latifa bint Hamdan Corridor Development Project in Dubai. The scope of work includes the construction of seven bridges extending 2,300m and eight tunnels covering 900m.
The United States launched a fresh wave of military strikes against Iran on Sunday after Tehran targeted a merchant vessel transiting the Strait of Hormuz, sharply escalating a conflict that has spread across the Gulf and further dimmed hopes for a return to diplomacy.
Fitch Ratings has affirmed Saudi Arabia's long-term foreign-currency issuer default rating at "A+" with a stable outlook, citing the kingdom's strong external balance sheets and significant fiscal buffers in the form of deposits and other public sector assets as well as resilience to recent geopolitical tensions.
Jubail and Yanbu Industrial Cities Services Company (Jabeen) has sealed an agreement with Yanbu Aramco Sinopec Refining Company (Yasref) for the funding and construction of 200 residential villas in Yanbu Industrial City, in partnership with the Royal Commission for Jubail and Yanbu.
AtkinsRéalis has secured a major contract from the Royal Commission for Riyadh City (RCRC) to provide engineering services and supervision contracts to support the operation and expansion of the Riyadh Metro network and oversee key road infrastructure development projects across Riyadh.
The Eastern Region Municipality has reviewed the plan for the second season of the Global City Dammam project, featuring major expansions, global markets, and an interactive fountain. Its new destinations include the Asian Village and the Future District featuring AI and robotics experiences.
Saudi Power Procurement Company (SPPC) has announced that it has kicked off the qualification process for the third round of gas-fired independent power producer (IPP) projects in the kingdom. These projects will be developed under a build-own-operate (BOO) model.
King Saud bin Abdulaziz Airport in Al Baha Region of Saudi Arabia, one of the airports operated by Cluster2 Airports, has handled nearly 700,000 domestic passengers since the start of 2025, underscoring growing demand for regional air travel.
Following a successful January 2026 edition that brought together Saudi Arabia's built environment community with a spotlight on project finishing and delivery, Big 5 Construct Saudi is back this August with its focus firmly on the foundations of construction.
Artificial intelligence (AI) has become a growing strategic focus for luxury companies as consumers increasingly use AI tools during purchasing decisions, although many brands are still working to move beyond experimentation, according to an industry expert.
JAD Global Real Estate Development has officially broken ground on J188, its latest premium residential project at Al Jaddaf, Dubai. The premium development features one- and two-bedroom residences with dual views of the Downtown skyline and Dubai Creek Harbour.
Mubadala Bio has launched new hemodialysis products through its subsidiary Wellpharma, one of its Abu Dhabi-based manufacturing facilities.
Star, a human capability development company headquartered in Riyadh, has announced a strategic partnership with global hospitality group Hilton, to develop and qualify Saudi cadres across all levels of the hospitality sector - from frontline professionals to executives and leaders.
Dubai's diamond trade reached a record $41.7 billion in 2025, surpassing the previous high of $40.9 billion set in 2011, as trading volumes and demand for natural diamonds increased, said a report. The total traded volumes climbed 42.5% year-on-year to a record 359.5 million carats.
Bahrain and the European Union (EU) pledged closer co-operation on regional security and maritime stability while launching negotiations on a Strategic Partnership Agreement, following talks between senior officials at the GCC-EU Regional Security Cooperation Forum.
9YardsX, a key AI and innovation company, and subsidiary of 9Yards Holding, said it has acquired Libyan tech startup Labeb AI as part of a strategic move to expand its presence in the field of artificial intelligence and enhance its capabilities in developing advanced technology solutions.
Abu Dhabi's Integrated Transport Centre (ITC) has inaugurated a central control room to oversee and monitor autonomous vehicle operations across the emirate, as authorities step up efforts to support the rollout of self-driving transport services.
The Zayed Sustainability Prize, the UAE’s pioneering award for innovative solutions to global challenges, has officially closed submissions for its 2027 awards cycle, receiving an unprecedented 10,233 entries from 177 countries.
Bahrain and the European Union (EU) pledged closer co-operation on regional security and maritime stability while launching negotiations on a Strategic Partnership Agreement, following talks between senior officials at the GCC-EU Regional Security Cooperation Forum.
